4 April 2014
It’s important to understand that jobs numbers tend to vary seriously from month to month, so analysts think it’s too soon to say we’re back to healthy job market state.
“Of course, it’s good news for the Canadian economy,” – said Doug Porter, chief economist at BMO Capital Markets, noting the recent growth raised year-over-year employment increase to almost 1%.
“I believe the central bank will be encouraged by such results. Meanwhile, I don’t think it changes the situation significantly. As I’ve already said, it’s too soon to stop the talk of possible rate cuts, at least, for the nearest future,” – added Porter.
The BoC has kept its key lending rate at 1% for more than 3 years, and last October it decided to be neutral on this issue.